Coronavirus not slowing down Seattle region’s supercharged housing market

Photo by Ganapathy Kumar on Unsplash

Puget Sound Business Journal | Marc Stiles

Home buyers hoping the coronavirus pandemic will cool off the Puget Sound region’s red-hot housing market are out of luck.

Sale prices of lower cost and mid-range homes remain torrid, with multiple offers common. The virus has, however, altered the way sellers handle open houses, nationally but especially in Washington state, the nation’s COVID-19 epicenter.

[…] In the Seattle area, some sellers no longer want to host open houses and have their brokers screen potential buyers for by-appointment showings, said Lennox Scott, chairman and CEO of John L. Scott Real Estate. This ensures they’re dealing with either all-cash buyers or ones who have pre-qualified for mortgages.

Read the full story from March 12 here: Coronavirus not slowing down Seattle region’s supercharged housing market